UnknownUnicorn1615905

BTCUSD / H1 chart / Short squeeze & fractals

Short
BITMEX:XBTUSD.P   Bitcoin
That's some serious pump squeezing shorts. Like most, i too believe we would see 6400 range at least once before we can push beyond 7000. Meantime, i've observed this interesting fractal, and the typical bitcoin price movement after these so called sudden pumps. If we observe the patterns, these pumps appear well timed and are more frequent, while syncing perfectly with the latest technical analysis. If you were able to enter a position anywhere between 6700-6800, i think short could be a good idea with low leverage (less than 10x).

let me know your thoughts through comments
Comment:
Like a clockwork!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.